Wall Street Zen Downgrades Oceaneering International (NYSE:OII) to Hold

Oceaneering International (NYSE:OII) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts also recently commented on the stock. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Barclays dropped their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.00.

Oceaneering International Trading Up 1.0%

Shares of OII stock opened at $21.94 on Friday. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $30.98. The firm has a fifty day moving average price of $20.28 and a 200-day moving average price of $21.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.89 and a quick ratio of 1.58. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 12.33 and a beta of 1.48.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. Oceaneering International’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, equities analysts predict that Oceaneering International will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Oceaneering International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company’s stock worth $325,492,000 after acquiring an additional 69,337 shares during the last quarter. Brown Advisory Inc. boosted its position in Oceaneering International by 27.6% during the first quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company’s stock worth $142,767,000 after acquiring an additional 1,416,251 shares during the last quarter. American Century Companies Inc. boosted its position in Oceaneering International by 9.6% during the first quarter. American Century Companies Inc. now owns 3,113,578 shares of the oil and gas company’s stock worth $67,907,000 after acquiring an additional 271,868 shares during the last quarter. Greenhouse Funds LLLP boosted its position in Oceaneering International by 10.0% during the fourth quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company’s stock worth $70,150,000 after acquiring an additional 244,362 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock worth $54,925,000 after acquiring an additional 267,230 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.